Modest movement in all JSE market indices

All markets fell at the close of trading on Wednesday with modest movements in all three market indices following a sharp rise in the volume and value of stocks traded compared to that of Tuesday.
At the close, the JSE Combined Market Index added 17.26 points to close at 339,692.73, the All Jamaican Composite Index slipped 41.48 points to conclude trading at 362,840.57, the JSE Main Index fell 77.50 points to finish at 325,206.38, while the Junior Market Index popped 9.79 points to end at 3,960.39 and the JSE USD Market Index added 0.41 points to settle at 247.44.
Preference shares with notable price movements but are not in the TOP10 graphs are Eppley 5% preference share that popped $1 in closing at $21, Eppley 7.25% preference share rising $2.33 to $18.52, Jamaica Public Service 7% fell 96 cents to end at $41.54, Jamaica Public Service 9.5% rallied $342.47 to a record high of $3767.17 and 138 Student Living preference share dropped $15.75 to end at $89.24.
At the close, investors exchanged 71,109,240 shares in all three markets, up from 16,768,963 stocks on Tuesday. The value of stocks trading in the Junior and Main markets was a mere $190.27 million, from $45.2 million on Tuesday. Trading on the JSE USD market ended with investors exchanging 929,491 shares for US$16,864 from 965,788 units at US$23,655 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.5 on 2022-23 earnings and 12.5 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.